The global carbon market, once hailed as a promising solution to greenhouse gas emissions, may be dying a slow death, as turmoil in the European trading arena has at least 10 London banks scaling back or closing their carbon desks.
London, which had been seen as the main provider for Europe’s trading scheme, over the past four years lost its grip as workers employed on carbon desks fell by 70 percent, the Financial Times reported Monday..........................................Full Article: Source